Tube unions to reject 'disappointing' 5.5% pay deal | Metro.co.uk
However, the deal looks likely to be turned down by transport unions even though many in the private and public sector are experiencing pay freezes.
The deal would equate to inflation plus 0.25 per cent for each of the four years until 2016. Current RPI inflation stands at 5.3 per cent so the offer would be worth 5.55 per cent if the rate stayed the same.
Meanwhile BoE has a big
However, the deal looks likely to be turned down by transport unions even though many in the private and public sector are experiencing pay freezes.
The deal would equate to inflation plus 0.25 per cent for each of the four years until 2016. Current RPI inflation stands at 5.3 per cent so the offer would be worth 5.55 per cent if the rate stayed the same.
Meanwhile BoE has a big
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